Primary Sector
Explore the latest primary industry news by BusinessDesk.
Primary Sector
ASB wants less dairy debt, pushes repayments
ASB Bank is actively reducing its exposure to dairy lending by "definitely encouraging" borrowers to take advantage of high commodity prices and low interest rates to pay down debt, chief executive Vittoria Shortt said.The latest results from its parent bank, Commonwealth Bank of...
Primary Sector
ANZ warns sun setting on golden run for food exports
ANZ New Zealand economists warn the “sun is setting on the golden run” for Kiwi food exports as meat prices come off their elevated levels and as the coronavirus outbreak threatens to spoil the party.The bank’s monthly commodity price index fell 0.9 percent in January, led lower...
Primary Sector
Multi-million dollar Zespri claim pulled
A multi-million dollar legal claim against Zespri Group has been dropped, six years after it was filed. The claim brought by Zespri’s former Chinese importer Shanghai Neuhof arose after the kiwifruit marketer and the company were busted for under-declaring customs duties between...
Primary Sector
Coronavirus fears weigh on dairy prices
Dairy product prices declined at the Global Dairy Trade auction on concern that the spreading coronavirus, which originated in China, will crimp demand. “Markets have been nervous that coronavirus and the associated practices to prevent spread of the virus will stop China buying,...
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Riley Kennedy
Senior Journalist
Riley Kennedy joined BusinessDesk in 2022 and covers New Zealand’s primary sector, with a focus on the country’s agribusinesses and the broader food and fibre economy. He won the DairyNZ Industry Award at the NZ Guild of Agricultural Journalists and Communicators Awards in 2024, and was named Emerging Journalist of the Year by the New Zealand Shareholders Association in 2022. Riley previously worked as a business specialist at the Otago Daily Times and holds a diploma in journalism from Wintec.
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